IBM Reports Another Decline in Revenue

Tech Company Continues to Struggle with Hardware Sales, Emerging Markets

By

Spencer E. Ante

Updated Oct. 16, 2013 7:17 p.m. ET

International Business Machines Corp. posted a sixth straight quarterly decline in revenue on Wednesday, with disappointing results in several areas, including international business, technology services and hardware.

IBM remains a large, profitable provider of computer hardware, software and services to big corporations and governments around the world. Its third-quarter profit rose 6%, but some of that was from a tax benefit. The Armonk, N.Y., company faces new competitors that rent out computing services and software...